Quickseller
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December 06, 2015, 06:55:46 AM |
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The other thing is, with the high number of addresses its difficult for someone to know how much bitcoin I have in total. If you just have a few its pretty easy to find them.
To solve this problem you should use a wallet program that keeps track of the "balance" of each of your addresses. A deterministic wallet is going to be the best solution for this (I like electrum) however, non-deterministic wallets will allow you to pre-generate addresses whose private keys you can save (and backup) prior to using. I would actually recommend against generating a new private key at the time you need a new address because best security practices say that you should have multiple backups of your private key or seed (you should have at least 3) in multiple locations (at least two) and it is difficult to do this at the time you need someone to send you BTC (presumably they will send the BTC as soon as they receive the address to send to). I recently had to create/generate a new electrum wallet because my previous one was having performance issues due to the number of transactions associated with my xpubkey and the number of addresses that electrum was mum monitoring and it was difficult to get electrum to sync and needed to restart electrum almost every time I received a tx. It was actually pretty scary having to generate a new electrum seed and backing up the seed, it is something that I would personally like to avoid as much as possible.
to answer the question in the OP, between the three electrum wallets, two blockchain.info wallets, one multibit wallet and one armory wallet, I would estimate that I have well in excess of 1,000 addresses that have received at least one transaction and whose private key I control. If you were to add all the coinbase/bitfinex addresses that have received at least one transaction and that I would receive credit for BTC for any transaction sent to those addresses then the number could potentially increase to closer to 2,000 but I think that might be a bit of a stretch (I estimate that the number that includes exchange addresses would be under 1,500).
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dothebeats
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Activity: 3766
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December 06, 2015, 08:50:48 AM |
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I have made a total of 20 or so addresses just for the sake of jumbling and rumbling my balance on different addresses, so as to minimize the 'taint' it leaves on the blockchain. At first I don't get why the bitcoin wiki advised not to use the same wallet over and over again, but as time passed by, I realized that it is indeed a much safer approach on keeping your balance compared to just one.
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error08
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December 06, 2015, 09:03:48 AM |
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I have 3 wallet and address different, each wallet have their respective functions, one wallet for trading, and one wallet for sig camp and one more for faucet
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jakelyson
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Activity: 2268
Merit: 1069
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December 06, 2015, 01:22:16 PM |
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I did not that one must not reuse bitcoin address to remain anonymous. I have 2 bitcoin wallet, but I am using only one address each. Now I know it, I will create different address per transaction.
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equator
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Activity: 1190
Merit: 1002
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December 06, 2015, 01:37:23 PM |
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i have right now 2 bitcoin address one is for my online gambling purpose through which i bet on sports betting and the other one is for my savings where i save the bitcoin for my future expenses.
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owm123
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December 06, 2015, 09:39:59 PM |
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I did not that one must not reuse bitcoin address to remain anonymous. I have 2 bitcoin wallet, but I am using only one address each. Now I know it, I will create different address per transaction.
Yes, this is the basic step you can do to increase your financial privacy with bitcoin. Remember, bitcoin is not anonymous ( http://www.bitcoinisnotanonymous.com/)
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Jeremycoin
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𝓗𝓞𝓓𝓛
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December 06, 2015, 09:47:38 PM |
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I only have 1 bitcoin address
It's totally not safe for you, if someone hack your wallet or maybe you lost the private key then you will lose everything. If someone does hack your wallet, all your addresses would also get hacked if you placed them altogether. It's 2015, is there anyone still not having a backup to their private key? There is no risk from hacking even if you reuse the address right now, it is only about the privacy. That's why you have to use more than 1 walletAnything could happen, how if you somehow accidentally remove the backup
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faucet used to be profitable
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StingrayX
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Activity: 86
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December 07, 2015, 02:53:09 AM |
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When whatching some videos about bitcoin i came to know there is lots of address can be made for bitcoin almost unlimited. So creating many addresses doesn't seem to affect bitcoin network.
I have around 3 address 2 of those are cold wallet address and 1 main everyday hot wallet. I have Cold wallet to store in safer place and stop me from spending madly in gamblings.
How much bitcoin address do you have and why you have to create more than one address?
i have 2 bitcoin addresses the one i posted in Stake your Bitcoin address here and another one created later with vanitygen
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FerrariF50
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Activity: 33
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December 07, 2015, 03:46:08 AM |
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I have about 4 just to keep track of what and who is paying what
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Duomo
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December 07, 2015, 04:27:42 AM |
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So far I have... one address on blockchain and 20 + addresses on Electrum. I created new addresses for each transaction. It's just so much simpler and easier to keep track of what is going in and going out.
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acroman08
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December 07, 2015, 05:27:47 AM |
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I have 5 wallet 4 of them is where I kept my bit coin for daily and monthly use My last one is offline wallet this is where I keep my saving and my emergency Bit coin. Having several wallet gives you more security to your btc, I think.
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Mr. Forum
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December 07, 2015, 06:30:32 AM |
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I have a total of two addresses that handle all the bitcoins trading that i engage in. One is for paying my bills among other necessities that i require on a daily basis. It is like my salary account. the second one is so special, I use it only on the matters to do with investment. I did this so that I can be able to differentiate and even have control over what I am spending. I do not want to own more than two accounts since these two work out for me.
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Sir_lagsalot
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December 07, 2015, 07:51:29 AM |
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Well above 50. For every new transaction from a new person, I make a new little wallet with their name on it. This is so they can reuse that address, and I can keep track of my transactions. If only my bitcoin wallet allowed me to label transactions sent to me. If I only had one wallet address, id have to keep up with ~50 txes a day. Hell no.
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ronaldo40
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Activity: 1554
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December 07, 2015, 09:12:27 AM |
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I have the address about 2-3. 2-3 is the main address, but actually I have a lot, because I'm always change. I divide each address for gambling, trading or other.
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Nahl
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Merit: 1000
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December 07, 2015, 09:55:09 AM |
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i have 3 bitcoin address currently 1 blockchain address for the main wallet, 1 poloniex exchange address for deposit and do trading activity into that exchange and 1 local exchange address if i want to convert my bitcoin into my currency
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calkob
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December 07, 2015, 10:51:27 AM |
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I have many addresses mostly for cold storage, it allows me to split my bitcoin holdings up so that if a private key was compromised i wouldn't lose every thing. bitcoin was originally designed for an address to only be used once anyway. for security and anonymity reasons. check out the link below https://en.bitcoin.it/wiki/Address_reuse
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blackmachinegun
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December 07, 2015, 10:53:16 AM |
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At this moment I have 0.2 worth of bitcoins , I won it at a raffle promo.
Um.. excuse me sir, the OP asked about how many BITCOIN ADDRESS do you have, not how much Bitcoin do you have. I only have 1 bitcoin address
It's totally not safe for you, if someone hack your wallet or maybe you lost the private key then you will lose everything. lol I just know, if you have only 1 address, its very risky and not safe
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Yakamoto
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December 08, 2015, 01:00:22 AM |
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At this moment I have 0.2 worth of bitcoins , I won it at a raffle promo.
Um.. excuse me sir, the OP asked about how many BITCOIN ADDRESS do you have, not how much Bitcoin do you have. I only have 1 bitcoin address
It's totally not safe for you, if someone hack your wallet or maybe you lost the private key then you will lose everything. lol I just know, if you have only 1 address, its very risky and not safe Well, having one address doesn't mean it isn't safe, it just means that if anything happens to that one address that it would affect his entire wallet. If he knows what he is doing, one address will be all he'll need. People just suggest multiple addresses for the partially increased anonymity and the ability to divide your funds among the wallets to prevent you from losing all of your funds if something happens. You can have 5 addresses on one hard drive and if the hard drive gets corrupted or is damaged, that's the end of the entire set of funds.
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WizKhalifa
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December 08, 2015, 01:09:12 AM |
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ago, when i still play faucet i have many wallet and many address, it is a help to get a lot of satoshi, in one hour, I could make hundreds of claims by many addresses, but now I only have 1 address
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EXtremeAEX
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December 08, 2015, 07:54:43 AM |
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Have 3 currently, one is my main address I use to send and receive payments, another is a secondary address for micro earnings, and the last one I deposit all my earnings into it, where I store it there, never to be touched again. I don't like to have many addresses, especially using a new address every time. I don't really see anonymity as an importance, so I'm fine with just using a main address for my funds.
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